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tax saving schemes

ELSS

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Equity Linked Saving Schemes (ELSS) are growth oriented schemes and invest primarily in equities.

These schemes offer a tax deduction of up to 1 lakh to investors under section 80C of the Income Tax Act, 1961. Like equity schemes, they are suitable for investors(Individual, HUF and specified investors under Income Tax Act, 1961) with an appetite for high risk and aim to generate capital appreciation over the medium to long-term.

These schemes have a three-year lock-in period and offer an easy way to obtain tax benefits and an opportunity to get the potential upside of investing in the equity markets.

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